Kinetic Concepts Inc
Encyclopedia
Kinetic Concepts, Inc. , (KCI) is an U.S.
-based multinational corporation
that produces medical technology
related to wound
s and wound healing
including therapeutic beds, wound care and tissue regeneration technology. KCI produced the first product developed specifically for negative pressure wound therapy
. the company employs 6,800 people and markets its products in more than 20 countries. Its headquarters is in San Antonio, Texas
.
care, regenerative medicine
and therapeutic support systems markets. The largest of these business units is dedicated to wound care primarily negative pressure wound therapy
for the treatment of traumatic wounds, pressure ulcers, chronic wounds and diabetic ulcers but also assistance with surgery
. The therapeutic support systems developed and supplied by KCI are largely for the treatment and prevention of complications associated with patient immobility. These include support surface
s for hospital beds and home patients designed to address pulmonary complications in immobile patients. KCI also develops specialty beds for use in hospitals or in long-term care facilities. KCI expanded into the regenerative medicine
market in 2008. Through subsidiary company LifeCell Corporation
, KCI develops and supplies tissue-based products. These include tissue-based treatments used in surgical procedures to repair soft-tissue.
by Dr. Jim Leininger, an emergency room physician who wanted to help prevent the pulmonary complications associated with immobility. In time the company developed or acquired a line of therapeutic specialty beds
, introducing in 1995 a specialty bed for acute care patients with pulmonary complications. Initially KCI's product development focused on therapeutic beds and surfaces but introduced the first commercial negative pressure wound therapy
products in the mid-1990s. KCI acquired its regenerative medicine subsidiary, LifeCell, in 2008 in a non-hostile transaction for 1.7 billion. LifeCell's CEO is Lisa Colleran, who took on the role in August 2008 following the acquisition by KCI.
and trade on the New York Stock Exchange
(NYSE) in 1988. KCI stock was traded on the NYSE until 1997, when the company went private. In February of 2004, KCI became a publicly listed company for the second time and is since listed on the NYSE under the ticker symbol KCI. By the late 2000s the company's revenue was over $1 billion and reported an increase of 17 percent in 2007 to $1.61 billion. Revenue for 2008 was $1.88 billion, increasing to $1.99 billion in 2009 and in 2010 increased to $2.02 billion. On November 4, 2011, the company went private again at a price of $68.50 per share.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
-based multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
that produces medical technology
Medical technology
Medical Technology encompasses a wide range of healthcare products and is used to diagnose, monitor or treat diseases or medical conditions affecting humans. Such technologies are intended to improve the quality of healthcare delivered through earlier diagnosis, less invasive treatment options and...
related to wound
Wound
A wound is a type of injury in which skin is torn, cut or punctured , or where blunt force trauma causes a contusion . In pathology, it specifically refers to a sharp injury which damages the dermis of the skin.-Open:...
s and wound healing
Wound healing
Wound healing, or cicatrisation, is an intricate process in which the skin repairs itself after injury. In normal skin, the epidermis and dermis exists in a steady-state equilibrium, forming a protective barrier against the external environment...
including therapeutic beds, wound care and tissue regeneration technology. KCI produced the first product developed specifically for negative pressure wound therapy
Negative Pressure Wound Therapy
Negative-pressure wound therapy is a therapeutic technique using a vacuum dressing to promote healing in acute or chronic wounds and enhance healing of first and second degree burns. The therapy involves the controlled application of sub-atmospheric pressure to the local wound environment, using a...
. the company employs 6,800 people and markets its products in more than 20 countries. Its headquarters is in San Antonio, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
.
Operations
KCI is composed of three business units: Active Healing Solutions, LifeCell and Therapeutic Support Systems, that operate in the woundWound
A wound is a type of injury in which skin is torn, cut or punctured , or where blunt force trauma causes a contusion . In pathology, it specifically refers to a sharp injury which damages the dermis of the skin.-Open:...
care, regenerative medicine
Wound healing
Wound healing, or cicatrisation, is an intricate process in which the skin repairs itself after injury. In normal skin, the epidermis and dermis exists in a steady-state equilibrium, forming a protective barrier against the external environment...
and therapeutic support systems markets. The largest of these business units is dedicated to wound care primarily negative pressure wound therapy
Negative Pressure Wound Therapy
Negative-pressure wound therapy is a therapeutic technique using a vacuum dressing to promote healing in acute or chronic wounds and enhance healing of first and second degree burns. The therapy involves the controlled application of sub-atmospheric pressure to the local wound environment, using a...
for the treatment of traumatic wounds, pressure ulcers, chronic wounds and diabetic ulcers but also assistance with surgery
Surgery
Surgery is an ancient medical specialty that uses operative manual and instrumental techniques on a patient to investigate and/or treat a pathological condition such as disease or injury, or to help improve bodily function or appearance.An act of performing surgery may be called a surgical...
. The therapeutic support systems developed and supplied by KCI are largely for the treatment and prevention of complications associated with patient immobility. These include support surface
Support surface
Support surface is a medical term used to describe materials such as mattresses that support people who are bed-ridden through illness. Research and development of appropriate support surfaces can alleviate some of the complications of immobility, such as bedsores and respiratory problems.The...
s for hospital beds and home patients designed to address pulmonary complications in immobile patients. KCI also develops specialty beds for use in hospitals or in long-term care facilities. KCI expanded into the regenerative medicine
Regenerative medicine
Regenerative medicine is the "process of replacing or regenerating human cells, tissues or organs to restore orestablish normal function". This field holds the promise of regenerating damaged tissues and organs in the body by replacing damaged tissue and/or by stimulating the body's own repair...
market in 2008. Through subsidiary company LifeCell Corporation
LifeCell
LifeCell is a biotechnology company that develops and sells tissue grafts and blood cell preservation products. In recent years, LifeCell's sales have grown at an average of 41% per year and profits up to 72% annually, due in part to rising sales of their human tissue product AlloDerm...
, KCI develops and supplies tissue-based products. These include tissue-based treatments used in surgical procedures to repair soft-tissue.
Corporate history
KCI was founded in 1976 in San Antonio, TexasTexas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
by Dr. Jim Leininger, an emergency room physician who wanted to help prevent the pulmonary complications associated with immobility. In time the company developed or acquired a line of therapeutic specialty beds
Support surface
Support surface is a medical term used to describe materials such as mattresses that support people who are bed-ridden through illness. Research and development of appropriate support surfaces can alleviate some of the complications of immobility, such as bedsores and respiratory problems.The...
, introducing in 1995 a specialty bed for acute care patients with pulmonary complications. Initially KCI's product development focused on therapeutic beds and surfaces but introduced the first commercial negative pressure wound therapy
Negative Pressure Wound Therapy
Negative-pressure wound therapy is a therapeutic technique using a vacuum dressing to promote healing in acute or chronic wounds and enhance healing of first and second degree burns. The therapy involves the controlled application of sub-atmospheric pressure to the local wound environment, using a...
products in the mid-1990s. KCI acquired its regenerative medicine subsidiary, LifeCell, in 2008 in a non-hostile transaction for 1.7 billion. LifeCell's CEO is Lisa Colleran, who took on the role in August 2008 following the acquisition by KCI.
Company financial information
From the founding of the company in 1976 to 1988, the revenue of KCI grew to 153.2 million. The growth in revenue allowed KCI to go publicPublic company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
and trade on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
(NYSE) in 1988. KCI stock was traded on the NYSE until 1997, when the company went private. In February of 2004, KCI became a publicly listed company for the second time and is since listed on the NYSE under the ticker symbol KCI. By the late 2000s the company's revenue was over $1 billion and reported an increase of 17 percent in 2007 to $1.61 billion. Revenue for 2008 was $1.88 billion, increasing to $1.99 billion in 2009 and in 2010 increased to $2.02 billion. On November 4, 2011, the company went private again at a price of $68.50 per share.
Product lines
- V.A.C. systems - used for negative pressure wound therapy.
- LifeCell - tissue-based products for use in reconstructive surgery and tissue-regeneration